Leveraging and Duplication

Posts tagged ‘financial freedom’

Financial Renewing of the Mind

renew-mindThe meaning of some keys words you need a clear understanding about

Opportunity: an amount of time or a situation in which something can be done
Benefit: a good or helpful result or effect
Employer: A legal entity that controls and directs a servant or worker under an express or implied contract of employment and pays (or is obligated to pay) him or her salary or wages in compensation.
Employee: An individual who works part-time or full-time under a contract of employment, whether oral or written, express or implied, and has recognized rights and duties. Also called worker.
Worker: a person who is employed and works hard
Employed: People who are employed on a full or part-time during a specified payroll period.
Servant: one that performs duties about the person or home of a master or personal employer
Job: is the work that a person does regularly in order to earn money
Work: is the job that a person does regularly in order to earn money
Career: a job or profession that someone does for a long time
Salary: an amount of money that an employee is paid each year
Wages: an amount of money that a worker is paid based on the number of hours, days, etc. that are worked
Compensation: payment given for doing a job
Earnings: money received as wages or gained as profit
Profits: money that is made in a business, through investing, etc., after all the costs and expenses are paid : a financial gain : the advantage or benefit that is gained from doing something
Rules of 72: The ‘Rule of 72’ is a simplified way to determine how long an investment will take to double, given a fixed annual rate of interest. By dividing 72 by the annual rate of return, investors can get a rough estimate of how many years it will take for the initial investment to duplicate itself. For example, the rule of 72 states that $1 invested at 10% would take 7.2 years ((72/10) = 7.2) to turn into $2.

System: a group of related parts that move or work together.
Leverage: influence or power used to achieve a desired result
Duplication: the act or process of copying something
Multiplication: the process of adding a number to itself a certain number of times : the act or process of multiplying numbers :an increase in the number or amount of something (Starts with the number 2)

Empower: make (someone) stronger and more confident, especially in controlling their life and claiming their rights.
Empowerment: Empowerment is based on the idea that giving employees skills, resources, authority, opportunity, motivation, as well holding them responsible and accountable for outcomes of their actions, will contribute to their competence and satisfaction.
Earned income: includes all the taxable income and wages you get from working. There are two ways to get earned income: You work for someone who pays you or your own or run a business or farm
Residual income: (also called passive, or recurring income) is income that continues to be generated after the initial effort has been expended. Compare this to what most people focus on earning: linear income, which is “one-shot” compensation or payment in the form of a fee, wage, commission or salary.
Linear income: is directly proportional to the number of hours invested in it (40 hrs. of pay for 40 hrs. of work), but one of the great advantages of residual income is that once things are set in motion, you continue making money from your initial efforts, while gaining time to devote to other things… such as generating more streams of residual income!

Smartphone: a cellular phone that performs many of the functions of a computer, typically having a touchscreen interface, Internet access, and an operating system capable of running downloaded applications.

Wealth: is an abundance of valuable possessions or money. the state of being rich; material prosperity.

No employer necessary to build wealth. Here is your opportunity to work the  job to your  benefit by using our system of leverage and duplication to profit and increase earnings using multiplication to create residual income with empowerment to empower others a career through their smartphone.

Join us “The Connection”, which is a group of like minded people, businesses, organizations, and churches; Working together using the secrets that banks don’t want you to know…which is
“How to create income for ourselves, using leverage and duplication”, along with Modern technology.
Our smartphone is money in our hand that needs to be connected.
Just like each of us pays a cellphone carrier each month and none of that money comes back to us.
Our Leveraging and Duplication system will pay each of us just like we pay the cellphone companies.
Being connected our smartphone becomes our office in the palm of our hands with no selling of anything to create income.

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Most Americans are Financially Illiterate

financial-literacy-key

“The college educated are more likely to own stocks and less prone to use high-cost borrowing.” —Journal of Economic Literature

Financial literacy is important, but sadly, only a handful of states require students to take personal finance or an investment course. You can get a Ph. D. in economics and never take a class in accounting, business or personal finance!

How bad is financial education in this country? In 2008, two economists came up with three simple questions to test the financial knowledge of citizens 55 years or older. See how well you do:

1. Suppose you had $100 in a savings account and the interest rate was 2 percent per year. After 5 years, how much do you think you would have in the account if you left the money to grow?
A. More than $102.
B. Exactly $102.
C. Less than $102.
D. I do not know.

2. Imagine that the interest rate on your savings account was 1 percent per year and price inflation was 2 percent per year. After 1 year, would you be able to buy:
A. More than today with money in this account.
B. Exactly the same amount as with the money in this account.
C. Less than today with the money in this account.
D. I do not know.

3. Do you think that the following statement is true or false? “Buying a single company stock usually provides a safer return than a stock mutual fund.”
A. True.
B. False.
C. I do not know.

The answers to these three questions are: 1 (A); 2 (C); and 3 (B).

When I first read these questions, I thought they were so easy that nobody with any experience could get them wrong. And yet only a third (34%) of U.S. respondents aged 55 and older could answer all three questions correctly.

Among foreigners, the Germans and the Swiss did the best (over 50% correct), while the Russians did the worst (4% correct) and the Japanese were in between (27% correct). There’s a gender difference, too. Men were generally more financially knowledgeable than women, no matter what the age.

Clearly the education systems throughout the world need to do a better job in educating their people about basic finance.

America Is Becoming the Land of the Financially Illiterate

Benjamin Franklin once said: “An investment in knowledge pays the best interest.” We seem to have forgotten those wise words when it comes to personal finance. Financial literacy is the foundation of building wealth. If you fail to understand the role of money and how it works in the world, it’s virtually impossible to secure your financial future. Unfortunately, financial knowledge is absent in the education system.

The majority of Americans have not received a formal financial education. According to a new poll from MoneyRates.com, 64 percent of respondents say they received little or no financial education in high school. In fact, only 43 percent of men say they received some or a lot of financial education in high school, while just 29 percent of women report the same. Not receiving lessons about money in high school has damaging effects.

Naturally, respondents who learn about money at an earlier age are more likely to be comfortable with financial topics later in life. Sixty-one percent of adults who say they received a lot of personal finance instruction in high school now consider themselves as fluent in both basic and advanced financial topics, compared to 22 percent for people who received only some but not a lot of instruction. This figure drops to 19 percent for people who received little or no personal financial education.

Most people in the survey believe financial education should be taught in schools in some capacity. Sixty-two percent of poll respondents say it should be a requirement in high school, and a total of 88 percent indicate that financial classes should at least be available as an elective. However, considering how slow change can occur, the responsibility falls on individuals to prepare themselves as well as their children to handle money matters.

Parents should remember that schools are not the only outlet for kids to learn about personal finance. “Financial topics come up all the time when you have kids — just think how often they ask for their allowance. Use those moments to teach them something about the thought process you use when making decisions about money,” explains Richard Barrington, MoneyRates.com.

“Also, periodically review your financial situation with your family, because every member of the household has a stake in it. Education is often described as an investment in the future. Nowhere could the potential return on that investment be more clear than in educating students to make better decisions about money.”

The Scary State of Financial Literacy in America
Only 40 percent of adults keep a budget and track their spending. Three-fourths of American families say they live paycheck to paycheck. More than one-fourth of American families have no savings at all. These troubling statistics are some of the reasons that we need to boost financial literacy.

Being financially literate means you understand how to manage money, how money works in real-world applications, and how you can use money as a tool to help others and grow your own stability and security.

Studies from organizations like the Jump$tart Coalition indicate that the average American doesn’t have enough financial education — or at least doesn’t understand how to apply this knowledge in the real world.

A Lack of Financial Literacy Creates a Big Problem
This has serious consequences. Look at our consumer debt problem. Collectively, American consumers owe $11.52 trillion to lenders and creditors. This debt burden balloons year after year. Last year alone student loan debt soared by more than 11 percent. The result is that many Americans fear for their financial stability and freedom. Only 50 percent of American families have more than three months’ worth of expenses saved. Nearly as many –- 43 percent –- are concerned that their savings won’t be enough to cover unexpected costs or emergencies.

Americans feel uncertain about their ability to retire — and for good reason. Statistics compiled by LearnVest and Chase Blueprint show what Americans, divided by age group, have saved for their retirement. For those 45 to 54, the median saved was only $101,000. It’s no wonder that 38 percent of adults are concerned about being able to retire on time, if they’ll be able to retire at all.

The good news is that efforts to raise awareness for financial literacy seem to be working. Three-quarters of American adults would like help with basic money matters and would appreciate the advice of a professional.

Most adults wish they had financial coursework. Only 5 percent say they were taught about money by a teacher, and 40 percent say they would give themselves C’s, D’s and F’s on their grasp of personal finance concepts. A full 85 percent of American parents believe that financial education courses should be a requirement for high school graduation. And 52 percent of teenagers want to learn more about money, and they’re most interested in budgeting, saving and investing.

What You Can Do Today to Increase Your Financial Literacy
We may be a long way from seeing approved financial education classes in public schools, but a wealth of information is available online. You can become more financially literate, and more prepared to deal with your finances, if you’re willing to do a little research.

Get your finances in order. It’s hard to know where to go if you don’t know where you’re starting. Make a budget and track your spending; cut frivolous expenses and make sure you’re money is going to things you truly value (and not stuff you think you have to have because everyone else does).

Make a plan to pay off any student loans or credit card debt and try to max out your retirement contributions if you can. Even if you can’t make that happen today, it’s a great goal to set for yourself –- and goals help keep your finances on track.

Keep up the savings and investing habit once you’ve established it. And don’t stop learning. By continuing to educate yourself, it will be easier to build financial security for you and your family.

Today, we are caught up in a real life Monopoly Game playing with Fake Money. We are hoping to stay out of jail and don’t land on bankrupt. If you work a job today or get paid for your services through self employment and they give you a check or give you cash you lose because that is fake money. People with cash in their pockets are the losers today.

Technology today has change our outlook on money today. Banks hate paper money because the Banks money is Digital. Banks convert the federal reserve notes that you give them into gold because their money is digital and can be back by gold. You need to learn how to make digital money like the banks.

The LADA Groups Financial Literacy Training will cover the following areas:
• What is a 770 Account?
• Technology and E-payments
• The Need to become an Entrepreneur
• Purpose of Insurance
• Purpose of Banks
• Difference between a Financial Statement and Credit Report
• Purpose of FDIC and What’s Covered
• What is a Federal Reserve Note?
• What is the U.S. Federal Reserve Bank?
• Who owns The Federal Reserve?
• Purpose of a Credit Union
• What is a Safe Deposit Box? What is Money?
• How is Money Created?
• What is Digital Money? (All the banks money is digital)
• What is Electronic Money? What is Bitcoin?
• What is Electronic Currency Trading?
• What is the Forex Market? What’s a savings account?
• What’s interest? What’s a stock? What’s a mutual fund?
• What is an Asset? What is a Liability?
• What the US Constitution Says is Money
• The Reason why the FEDS had JFK Killed Executive Order 11110
• The Employee Retirement Income Security Act (ERISA) 401K
• Financial Terms That Every Investor Show Know
• So Let’s get started…….

LADA Group Vertical Integration Economic System

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Dr. Umar Johnson – Wealth And Ownership Vs Paychecks

Why Black People Need to Start Businesses

Traps Black People Fall For Dr. Umar Johnson

Martin Luther King Jr- Briefly discussing group economics and black empowerment

MONEY WILL WORK FOR US  IF

WE JUST PUT IT TOGETHER IN A SYSTEM

THAT IS DESIGNED TO LEVERAGE AND DUPLICATE

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What Dr Claud Anderson says about A Roadblock to Empowerment

This video is George C. Fraser. He is the Chairman and CEO of FraserNet, Inc. A company he founded some 25 years ago with the vision to lead a global networking movement that brings together diverse human resources to increase opportunities for people of African descent. He is considered by many to be a new voice for African Americans and one of the foremost authorities on economic development, networking and building effective relationships.

Let’s Say LADA had the power to grant you One wish. Your choice is One Million Dollars Cash today or One Penny a day for the next 31 days that would double each day. You have to drive One hour each way a day to go pick up the penny money that is doubling each day.

Which one would you choose?

This is how Leverage and Duplication Works

HOW MUCH MONEY WOULD YOU LIKE TO MAKE PER YEAR?

How many people do you need to support you for you to reach that fiqure?

 We use a “Cooperative Alternative Economic System”. You might ask what is that?.

It’s a set of connected things and parts forming a complex whole, in particular a set of principles and procedures according to which something is done in an organized scheme and method.

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Are You in a Position to Prosper?

Don’t worry about your Condition in Life…. worry about your Position.

con·di·tion  noun \kən-ˈdi-shən\ : a way of living or existing : the state in which something exists : the physical state of something : the physical or mental state of a person or animal

po·si·tion  noun \pə-ˈzi-shən\ : the place where someone or something is in relation to other people or things : the place where someone or something should be:

Dr.Boyce Watkin’s

Malcolm X 1967

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Best Hedge Against Inflation…LADA Hedge Fund Reports

Whatablessing Reports …The Best Hedge Against Inflation

The Problems and Why You Should Care

1. Depreciating Dollar
If you are holding U.S. dollars in a savings account, CD or money-market fund, you are slowly losing what you have saved or inherited and within a few short years could lose the bulk of what is remaining. It is being done in such a way that most people don’t notice. The hidden tax of inflation has been robbing you for quite some time and the pace and severity of this theft is increasing rapidly. If I sound alarmist, it is with intention.
The dollar has lost over 30% of its value in the past 7 years. That means if you held $100,000 in a savings account, you would now only be able to buy $70,000 worth of goods and services with it. You might still see the number “$100,000? on your statement, but because the government and Fed have been printing so much money, the value of all of those dollars has been declining rapidly and this drop in value is about to accelerate at breakneck speed. We could even witness a dollar collapse, in which case you will be lucky if your dollars maintain 10 or 20% of their current value. This means that everything that you have saved or worked hard for in life could quickly disappear if your wealth is stored in dollars. Those that purchased a home in the past 6-8 years already have a taste of how quickly this can happen.

2. Unemployment
But you have a good job, so new money will keep flowing in right? Maybe not. Unemployment in the United States is now officially reported at 10%. In California it is over 12%. These numbers are bad enough, but they are significantly under-reporting the true unemployment picture. You see, the government no longer counts those that have given up looking for a job because they are discouraged and couldn’t find work. It also doesn’t count those working a few hours per week, even though they want a full-time job. So the true statistic, as reported by Shadow Stats, is closer to 20%! 1 in 5 people in America do not have a full-time job. We are witnessing Depression-era unemployment.
They can talk about how the stock market and economy are rebounding until they are blue in the face, but if people can’t find work and don’t have money to buy things, there is no recovery. In fact, the stock market is actually crashing (measured in anything but dollars). So, with the threat of unemployment, making sure that your savings and investments will be there to fall back on is becoming increasingly important.

A History of How This Happened

1. Dropping of Gold Standard
Our money used to be backed by gold. It stated this right on the top of the bill and you could go to the bank and trade in dollars for gold or silver at anytime. This is what gave dollars value but when greedy politicians wanted to spend more than they had, usually to finance wars, they took the dollar off the gold standard. This allowed the government to print as much as they wanted without needing to worry about having enough gold to back it up. As a consequence, the printing press has been running at full speed and our dollars are now backed by nothing but the faith in the U.S. government.
The concept of using paper as money is relatively new in history, whereas gold and silver have been used as money for as long as humans began trading. Gold has and will always retain its value because it is scarce, divisible, indestructible, hard to extract from the ground, attractive to the eye, extremely industrious and in limited supply. Fiat currencies have come and gone and this brief period of being able to just print money out of thin air whenever the government needs it is coming to an end.

The U.S. has been able to get away with it for so long because we won World War II and set up the dollar as the world’s reserve currency. Since then, everyone has used it to trade goods and settle international transactions, including oil trade.

2. Abuse of Reserve Currency Status
Our politicians have abused this power and the rest of the world is now looking to dump dollars and trade in for something more stable. This is big news. If the world no longer has to hold, trade and transact in U.S. dollars, what do you think will happen to their value, especially given that the supply has doubled in the last year alone?

China or Japan could crash the dollar by dumping their reserves and, while they are indeed dumping their dollars, they are doing it slowly so as to not create a sharp crash that leaves them holding the bag. However, as more and more people get rid of dollars and refuse to continue buying U.S. debt (for fear that the government won’t be able to pay it back), the dollar dumping is likely to accelerate and lead to a panic and crash in the currency. I don’t claim to be able to predict when this will happen, only that it will indeed happen. My guess is within the next 2-3 years.

Some Suggestions on What To Do
The absolute best hedge against the coming inflation is gold and silver, which have an inverse relationship to the dollar. As the dollar goes down, gold and silver go up. To protect against a decline in the dollar:

1. limit your exposure to U.S. dollars and dollar-denominated paper assets (stocks/bonds/etc.)
2. own tangible things that have true intrinsic value, not paper promises that can turn out to be worthless, as they have many times throughout history.

As you might have gathered by now, gold investing is not some get-rich-quick scheme. It is about protecting yourself and stopping the confiscation of your wealth. Granted, many precious metals investors will get very wealthy in the process, as gold has more than tripled in value since 2002 and many gold miners stocks have gone up more than 1000% in price. At the very minimum you should consider using precious metals as an “insurance policy” to protect your assets from what looks to be an inevitable dollar decline, if not an all out collapse.

Remember, while today’s price of over $1,000 gold is high, the inflation-adjusted high is actually closer to $2,300, suggesting gold still has plenty of upside. Many respected gold analysts believe it could reach $5,000 or $10,000 in the event of a dollar collapse and panic.
We are witnessing the greatest wealth transfer in the history of mankind. Are you protected? What side of the transfer will you be on?

Things I Believe Every Investor Should Do

Step 1: Get educated.
Don’t take my, or anyone else’s, word on this. Read books and newsletters on the subject and decide for yourself.
Step 2: Buy physical gold and silver and take possession of it
You can buy from your local coin shop or purchase from a number of online dealers that will store the gold for you. I highly recommend storing it outside of the U.S. banking system and outside of banks entirely if you can.
Step 3: Avoid “Fools Gold”
ETFs, pool accounts, futures contracts and leveraged accounts are not real gold. They are just paper promises often with no gold or silver behind them. Also avoid collector coins such as those sold in late-night infomercials. They have ridiculous premiums that are often several times above the metal content value in the coin.
Step 4: Invest in gold and silver mining companies.
The absolute best hedge against inflation is by investing in the companies that mine gold and silver. You get leverage of 2 to 4 times times the price appreciation of gold or silver. If gold goes up by 50%, your miners may very well double or triple in value. [Editor’s Note: In fact, gold went up 24% in 2009 versus the HUI at 42% (i.e. 1.75 times) and the Gold and Silver Companies Index (GSCI) which was up 85% (i.e. 3.5 times)]

See Video here for more information: http://recyclingyourdollarsonline.info

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We Can End Poverty With LADA Group Economics

With $1 trillion in spending power, Black America doesn’t have to wallow in despair, want and disaster say advocates for economic independence.

According to the U.S. Census Bureau, Blacks live 27 percent below the poverty line, compared to Whites at 10 percent, Hispanics at 26 percent, and Asians at 12 percent. poverty_file2b[1]
Their collective poverty ranking comes despite massive buying power, which advocates insist could be solved with unity and spending discipline.

We’re not poor. We’re just broke. Our money goes in one direction—away from us. We’re some of America’s most conspicuous consumers and there’s tremendous economic leakage in our community, and, we’re an economically illiterate people,” stated George Fraser, CEO of FraserNet Inc., which works to increase opportunities, wealth and jobs for Blacks.

The lack of money recycling in the Black community further evidences the problem.  About five percent of the Black dollar returns to Blacks in seven days, compared to seven months in the Jewish community, according to Mr. Fraser.

If Black America were a nation, it would be the 16th richest in the entire world, he argued. But, Blacks have taken the art of consumption to a whole new level, so while they account for nearly a trillion dollars, principally, it does not recycle, he said.
usa_poverty_02-19-2013[1]“We remain poor because … Slavery taught us to let someone else reap the value of our labor and production and today, we are still more comfortable with someone else doing it. Many of us just want to work for someone else.” —Toure Muhammad, Author/Publisher

According to “The State of the African American Consumer,” a report on Black spending by the National Newspaper Publishers Association and Nielsen, an information and measurement company, Black households spend more on basic food ingredients and beverages, as well as on personal and beauty care. “It’s not how much money you earn, it’s how much money you keep,” Mr. Fraser said.

For the past 25 years, his organization has focused on helping Blacks to become the number one employer of Blacks, recycle dollars and opportunities, and to help build intergenerational wealth. Recently, he helped to create the M.O.S.E.S. Movement.

M.O.S.E.S. stands for Making Ourselves Economically Successful and its goal is to help one million black people to become debt free, excluding mortgage, in the next five years. Members of the movement commit to save at least $50 a month.

Mr. Fraser believes solutions to poverty and want include becoming literate around wealth creation, economic development, and closing the income and wealth gap.

“Do we have the expertise? Yes! Absolutely! There are brothers and sisters all over America that have the economic literacy and expertise to teach us … But we have to marshall the forces, to get our people focused to begin the process of first getting back to the kitchen table then changing the kitchen table conversation so that it is focused on the inter generational transfer of wealth,” Mr. Fraser added.

Today’s Blacks have somehow lost the economic operational unity they had during the Black Nationalist and Civil Rights Movements of the 60s and 70s, said Mark Allen, Chairman of National Black Wall Street Chicago.

Then, it made no difference whether they were talking about Dr. Martin Luther King, Jr.’s Operation Bread Basket or the Honorable Elijah Muhammad’s Economic Program, he noted. Whether a nationalist or from the Civil Rights Movement the common agenda which united both was they talked about how poor people could use their own spending dollars to create and sustain their own Black businesses and jobs in their own communities, he noted.

“Somehow, during the 80s, we thought we kind of made it and we really lost that focus,” Mr. Allen said, reflecting on the era the Honorable Elijah Muhammad offered his Economic Blueprint to Black America and Dr. Martin Luther King, Jr. presented Operation Bread Basket.

“The Black man in America faces a serious economic problem today and the White race’s Christianity cannot solve it. You, the so-called American Negro, with the help of Allah can solve your own problem,” The Honorable Elijah Muhammad declared in his 1965 book, “Message to the Black Man in America.”

The truth must be recognized, he continued, that the Black man, himself, has assisted greatly in creating this serious problem of unemployment, insecurity and lack.

“Before the Black man can begin to gain economic security, he must be awakened from the dead and gain knowledge, understanding and wisdom which will enable him to follow my teachings. Islam and only Islam will point the way out of the entanglement of ‘want in the midst of plenty’ for the followers of Islam, the true religion of the Black nation,” The Honorable Elijah Muhammad wrote.

Recognize the necessity for unity and group operation; pool resources physically as well as financially; stop wanton criticisms of everything that is Black-owned and Black-operated; keep in mind jealousy destroys from within, he continued. “Observe the operations of the White man. He is successful. He makes no excuses for his failures. He works hard in a collective manner. You do the same,” he went on.

Blacks, like America must sacrifice to come out of poverty and want, said Min. Farrakhan, during his address on the 17th Anniversary of the Million Man March on October 14, 2012. Min. Farrakhan has urged Blacks to unite and pool their resources to survive.

“What are you, Black America, willing to sacrifice? We have to make some sacrifices, too. If you might say: “I already don’t have nothin’!”—wrong! So wrong! Because according to economists, last year $1.1 trillion came through the hands of Black America. But what did we spend our money on? Where did our money go? How foolishly did we use our resources,” Min. Farrakhan asked.

For Mr. Allen, efforts to help Blacks better manage money include helping to create Black business districts across the country.

“It doesn’t make a difference whether you’re Christian, Muslim, Civil Rights, Nationalist, the answer to almost all our problems right now rely in our economic conditions … Nobody will save us for us but us,” Mr. Allen stated.

He feels while there’s room to challenge the government for resources paid in tax dollars, Blacks must not be afraid to do for self, and they must regain a sense cultural consciousness, he said.

“Right now, the Minister (Minister Louis Farrakhan) has just invested a few million dollars in reestablishing The Salaam on 79th. Beautiful restaurant and all that, but you’ve still got Black people, who live right on the next block, who still either got a phobia or mental breakdown in terms of what is it about this food that is good, that you’ll walk right past it to whatever other restaurant,” Mr. Allen lamented.

“They’ve got fish in here. They’ve got chicken nuggets in here! They’ve got salads in here! So even today, you’ve got this cultural breakdown but what makes you think the food in The Salaam is not just as good as these other restaurants,” he continued.

“You can’t live in a city that has Minister Louis Farrakhan, Rev. Jesse Jackson, home of the president and home of a 40 percent Black city, and you mean to tell me that with all this power, we can’t redirect the economics … It’s economically violent to have a trillion dollars coming out of your hands every day and yet the number one employer of our young people can be the gangs, drugs … And other elements of the street economy. That makes no sense,” Mr. Allen argued.

Even though Blacks have a combined spending pattern of more than a trillion dollars, the money is not equally distributed, noted Dr. Julianne Malveaux, author, economist and commentator.

Just one to 1.5 percent of Blacks earned more than $200,000 a year while other populations earned at least eight to 10 percent, she said.

“The economic downturn has really pointed to a lot of weaknesses that’s structural. It’s not just about the economy turning down but it’s also about the structure of employment. So African American people who are not educated basically are getting the short end of the stick,” Dr. Malveaux told The Final Call.

While job creation and starting businesses are important, it’s equally important that Blacks study future trends and look at vocational and college education to participate in the economy, she said.
According to Alan Jenkins, executive director of the Opportunity Agenda, Americans understand the challenges of poverty better now, than they have in the recent past due to the economic recession’s impact on all racial and ethnic backgrounds.

What’s less understood are the obstacles Blacks and other communities of color face to equal opportunities, he continued.

“There is a lack of understanding that despite the progress we’ve made as a nation, discrimination still exists and there are significant barriers to equal opportunity in terms of quality education, housing, employment and in our criminal justice system,” Mr. Jenkins said.

On one level Americans are experiencing this crisis together but on another, in terms of geographical differences, some places are investing more in greater and equal opportunity, Mr. Jenkins continued. But, particularly in the south, there are fewer economic security protections and fewer civil rights protections, he added.

Toure Muhammad, publisher of the Bean Soup Times, views Black poverty, work ethic and creativity in the historical context of slavery.

“We remain poor because … Slavery taught us to let someone else reap the value of our labor and production and today, we are still more comfortable with someone else doing it. Many of us just want to work for someone else,” Mr. Muhammad said.

While taught early on how to work for or manage a business started by someone else, most Blacks don’t know what it takes to start businesses that will jump start an economy, he elaborated.

“We have had several examples, the two most profound where Marcus Garvey and the most Honorable Elijah Muhammad started multiple businesses that complimented one another based on producing and selling. Even today, we have many businesses but many compete with one another and are not complimentary,” Mr. Muhammad continued.

Count the many Black beauty and barber salons versus the void of Black owned barber and beauty chair designers or comb and brush manufacturers, he said. “Garvey and Muhammad showed what we can do with unity, work and vision. Both were a sign of what can be done,” he argued.

He encouraged people to listen to Min. Farrakhan’s impending  Saviours’ Day 2013 address (themed “Muhammad’s Economic Blueprint: Ending Poverty and Want”). “It really boils down to us learning who we are, producing products and services and then marketing them more effectively than the competition. We can do it. We must do it,” Mr. Muhammad added.

Advocates agree, Blacks can’t continue to let someone else control and dictate their economy. If so, poverty will increase and they will cease to exist, they say.

“But, how can Black dollars recycle if Blacks don’t own anything,” noted Dr. Rosie Milligan, a Los Angeles-based estate planner, author, and speaker. Giving back to the “Blackstream economy” is difficult because Blacks don’t grow or manufacture anything for themselves, she said.

“If you don’t own the bus company, you don’t own the super market, you don’t own the few banks, and we spend a lot of our money particularly on groceries and consumer items, and we own less businesses now than we owned years ago, naturally our condition will get worse,” Dr. Milligan told The Final Call.

The Honorable Minister Louis Farrakhan and the Nation of Islam is on a campaign to raise $10 million to purchase farmland, build schools and create jobs. “Min. Farrakhan is right on the money! But we need to start now. We can’t wait until the drought comes and then start looking and that’s what Black people tend to do,” she added.

See The Lada Group Community Economic Development System. This something that everyone can do: www.theladagroup.com

Network economics refers to business economics that benefit from the network effect. It is also known as Netromix. This is when the value of a good or service increases when others buy the same good or service.

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The LADA Group STUDENT LOANS DEBT ELIMINATION SYSTEM

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We declare clearly that by simply Giving $25 One Time Out of Pocket,  Student to Student you can RECEIVE enough Money to Pay Off Your Loan and more…..

The LADA Group and newly created Hedge Fund use cutting edge technology to create viral cash machines you can operate with as little as $25 One Time Out of Pocket.

The LADA Groups Co-Operative Economics is a system that allows anyone with $25 dollars and the willingness to truly believe in themselves an opportunity to build a solid and substantial income. It is an opportunity to become financially independent. Imagine, just by finding two people to join the program and helping them find two people to join while teaching them how to help others do the very same thing you can be well on your way to financial freedom. It really doesn’t get any simpler than that. Just Two touching and agreeing.

No it is not easy. It is not a get rich quick scheme but it is not a get rich never program either. The LADA Group is a genuine chance to get out of something what you put into it. Business Toolbox, for only $25 One Time Out of Pocket, offers you 101 Ways to Make Money and a suite of products and services worth over $2000 all by themselves. In addition to helping others build a virtual money making machine, literally a “virtual” money making machine; you also have access to tools that will help you build your business, accelerate your income and greatly improve your overall health and well being.

You are one step away from the best compensation plan ever seen.
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It all starts here https://recyclingdollars.wordpress.com/lada-hedge-fund/

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Bryce Jackson 619-272-9225 or Larry 619-309-3184

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LADA Group Shares Know Your Worth: If We Don’t Know, We Can’t Grow Our Community

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The LADA Group shares As I meet and speak with community members from all over the country, I am guaranteed to hear them express concern about the death of sustainable black owned businesses.
Currently, black owned businesses are vastly underrepresented, accounting for less than 7% of all small owned businesses, even though we account for 13% of the population. African Americans certainly have an entrepreneurial spirit as we are more likely to start a business relative to other racial groups. But, limited access to resources (e.g., capital, clientele, etc.), increase our businesses’ likelihood to close its doors. Research suggests that communities’ generational economic empowerment is linked to entrepreneurial success.
Therefore, if we are serious about improving our communities, improving our schools, providing jobs (black businesses are the 2nd highest employer of African Americans after the government), we must advance and strengthen black owned businesses.Over the weekend, The Nielsen Company released “The State of the African American Consumer”, a groundbreaking report projecting African Americans buying power at 1.1 Trillion dollars annually by 2015. To illustrate how massive this figure is, if African Americans’ purchasing power equated to a country’s GDP, we would be the 16th largest country in the world! What does this mean? Black consumers have more economic power than we may realize.
It is important to note that the 1.1 Trillion figure may not necessarily be all cash on hand, as we may be using credit cards and loans to make certain purchases. Also, spending power increases and/or decreases with one’s income. However, as a collective, there is enormous potential for black consumers to leverage our economic power by way of supporting black owned businesses to foster community economic development.The NAACP and other organizations are constantly advocating for policies to create more opportunities for black owned businesses (e.g., increasing access to capital) to succeed. But, while these organizations are affecting change at an institutional level, I want to highlight how we, as individuals, can foster an environment where more black businesses can thrive.
First, we must stop the massive “leakage” of our money out of our communities. Currently, a dollar circulates in Asian communities for a month, in Jewish communities approximately 20 days and white communities 17 days. How long does a dollar circulate in the black community? 6 hours!!! African American buying power is at 1.1 Trillion; and yet only 2 cents of every dollar an African American spends in this country goes to black owned businesses.Maggie Anderson, Co-Founder of the Empowerment Project, decided to address this dilemma by committing to “buying black” along with her husband (and two children) for an entire year. In her book titled, “Our Black Year”, Anderson recounts her experiences patronizing black owned businesses while highlighting the challenges many black businesses face (black businesses lag behind all other businesses in every measure of success). Interestingly, throughout her journey, Anderson fielded accusations of racism for her “buying black’ project. But, what must be understood, and Anderson reiterates repeatedly in her book, is Black economic empowerment is healthy for everyone.
Considering the crux of impoverished communities’ problems are often economics, reinvesting in black businesses is one of the best ways to address socioeconomic disparities.You may be thinking “what if there are no black owned businesses near me? What if the prices are too high? And/or what if their services aren’t on par?” These are all challenges Anderson encounters on her yearlong journey. But what she realized, and many of us must realize, is that this effort requires sacrifice and persistence – just like generations before us sacrificed and persisted to provide us with opportunities (which many of them did not live to see). If we want to remedy problems in our community, many of which are systemic and multi-generational, then we must remain steadfast.
Furthermore, with the internet we now have more options, such as the website for the Empowerment Experiment, to overcome some of these barriers.It may be unrealistic to expect the African American consumer to exclusively patronize black owned businesses for various reasons including budgetary constraints, accessibility, or product availability. But in those instances where you do have options (e.g., restaurants, clothing, printing services, natural hair products, etc.), I challenge you to answer our call to action to try to be a conscious consumer. Over the next week, the NAACP Economic Department’s social media campaign, #knowyourworth, will highlight statistics and resources to support your consumption efforts. We must lead the way in investing in our own businesses, and we can by starting with our own 1.1 Trillion dollars. Because if we don’t support black owned businesses, it becomes that much harder to demand anyone else to.
So start with the contacts in your cellphone. That is your community and connect that community together and that will help build the Black Community as a hold if we just use cooperative economics that The LADA Group www.ladawealthbuilding.com  has put together
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